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Russia is risking non-sanctioned ships to export oil and keep its war economy going

The article from MSN discusses how Russia is employing non-sanctioned ships to export its oil, thereby circumventing Western sanctions imposed due to its invasion of Ukraine. These sanctions were intended to cripple Russia's war economy by restricting its oil revenues, a critical source of income. By using a "shadow fleet" of tankers, which are often older, less regulated vessels, Russia manages to keep its oil flowing to markets like China, India, and Turkey. This strategy not only helps Russia maintain its economic stability but also funds its ongoing military operations. The use of these ships, however, raises concerns about environmental risks due to the potential for oil spills from poorly maintained vessels. Additionally, this shadow trade complicates the enforcement of sanctions and poses challenges for global efforts to isolate Russia economically.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/other/russia-is-risking-non-sanctioned-ships-to-export-oil-and-keep-its-war-economy-going/ar-AA1yp7aq ]